The page you are looking for is temporarily unavailable.
Please try again later

Money Canada home price growth cools in August as Toronto declines

16:40  13 september  2017
16:40  13 september  2017 Source:   reuters.com

Toronto gas prices see two-cent decrease

  Toronto gas prices see two-cent decrease Motorists are getting some relief at the pumps after gas prices saw an average two-cent decrease on Sunday. As of Sunday morning, the average gas price in Toronto is at $1.30, down from $1.329 on Saturday. Motorists are getting some relief at the pumps after gas prices saw an average two-cent decrease on Sunday. As of Sunday morning, the average gas price in Toronto is at $1.30, Drivers saw a nine-cent increase a litre on Saturday due to the continuing price surge in the wake of Hurricane Harvery. Prices are expected to hover around the $1.30 until Thursday, said petroleum analyst Dan McTeague.

OTTAWA, Sept 13 (Reuters) - The pace of Canadian home price growth slowed in August as prices in Toronto dropped for the first time in 19 months as sales in the city have declined following provincial government efforts to rein in the market.

OTTAWA — The pace of Canadian home price growth slowed in August as prices in Toronto dropped for the first time in 19 months as sales in the city have declined following provincial government efforts to rein in the market.

The pace of Canadian home price growth slowed in August as prices in Toronto dropped for the first time in 19 months as sales in the city have declined following provincial government efforts to rein in the market.

Popular Searches

Western Digital Corp

WDC

Toronto home sales plunged almost 35 per cent in August: TREB

  Toronto home sales plunged almost 35 per cent in August: TREB The Toronto Real Estate Board says the number of residential properties sold in August was down 34.8 per cent from the same month last year, but the average price was up modestly.The average price for all home types was $732,292, still up three per cent from August 2016, but down from July’s average of $746,033.That makes August the fourth month in a row that the Toronto-area average home price has fallen since hitting a record $919,086 in April.In April, the Ontario government introduced more than a dozen measures — including a 15 per cent tax on foreign buyers — aimed at improving home affordability.

National price gains also cooled on an annual basis, with prices climbing by only 11.4 percent from the previous year, compared to August ’s year-on-year growth of In fact, Toronto ’s resale home market also led September’s price decline as Canada ’s largest city posted a 2.7 percent monthly drop, said

The MLS® Home Price Index (HPI) in November was up 14.4% year-over-year (y-o-y). This represents the largest monthly decline in activity since August 2012. Y-o-y activity gains in the Greater Toronto Area (GTA) and environs were offset by declines in B.C.'s Lower Mainland.

85.50
-3.27
-3.68%
Toshiba Machine Co Ltd

TSHMY

20.87
-0.44
-2.06%
CA Inc

CA

33.57
+0.03
+0.09%
Eldorado Gold Corp

ELD

2.41
+0.07
+2.99%

The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 0.6 percent last month from July, less than the August average of 0.7 percent.

Condominiums surround the landmark CN Tower in Toronto© REUTERS/Chris Helgren Condominiums surround the landmark CN Tower in Toronto

In Toronto, Canada's largest city, prices were down 0.4 percent, the first decline since January 2016. Price weakness was seen in particular among homes other than condominiums, such as single-family homes, the report said.

Toronto prices were up 23.9 percent compared with a year ago, though that was still a moderation from the 28 percent annual increase seen in July.

Toronto Blue Jays’ 2018 schedule features some changes, including slate of late-afternoon Saturday games

  Toronto Blue Jays’ 2018 schedule features some changes, including slate of late-afternoon Saturday games The season will begin on the earliest date in league history, and all 30 teams will be in action on Opening Day for the first time since 1968.Toronto will have more late-afternoon Saturday games next season, with nine of the 13 Saturday home games switching to a 4:07 p.m. start. Four Saturday games will remain in the 1:07 p.m. time slot. The Blue Jays are also moving their family-friendly Jr. Jays promotion to Sunday from Saturday. All Sunday games will remain at 1:07 p.m.

The MLS® Home Price Index (HPI) in November was up 14.4% year-over-year (y-o-y). This represents the largest monthly decline in activity since August 2012. Y-o-y activity gains in the Greater Toronto Area (GTA) and environs were offset by declines in B.C.'s Lower Mainland.

Canada shed 7,500 jobs in May, but saw 'shocker' wage growth . Toronto home sales plunge 34.8% in August . Up Next. Vancouver home sales surge 22.3% in August . Canada 's housing markets to cool slightly in 2017: Poll. Top Stories. Toronto decline leads Canadian housing starts to lowest in a year.

Sales have declined in Toronto since the Ontario government in April imposed a number of measures to address concerns of affordability in Toronto and surrounding areas, including a foreign buyers tax.

Monthly prices in nearby Oshawa and Barrie declined 2.2 percent and 0.7 percent, respectively, while Hamilton was up 0.6 percent.

In Vancouver, where the province of British Columbia implemented its own foreign buyers tax last year, prices were up 2.4 percent, putting the index at a fresh peak.

Although the tax initially dampened activity in Canada's most expensive real estate market, sales and prices in Vancouver have been heading back up.

(Reporting by Leah Schnurr; Editing by Lisa Shumaker)

5,712 asylum seekers crossed Canada-U.S. border in August .
5,712 asylum seekers crossed Canada-U.S. border in August MONTREAL—There was a more than 80 per cent increase in the number of migrants crossing the United States border into Canada from July to the month of August, new government figures show.The statistics, which show the number of people intercepted by the Royal Canadian Mounted Police while crossing into Canada at holes in the border rather than at official ports of entry, were released Tuesday.They showed that the number of border crossers jumped from 3,134 in the month of July to 5,712 in August, an increase of about 82 per cent.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!